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Jun 5, 2012
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so bill clinton raised taxes on everybody. now we're talking about raising taxes on a portion of the people. but when bill clinton raised taxes, it was during the massive vibrancy, dotcom boom. >> i know you're going to get to it when we show this interview in its entirety in a few minutes, but he could not actually bring himself to say the words, raise taxes. what he said was finding ways to grow the economy. >> he wants to get back to growth and i don't think he believes getting to growth will mean making it more of a pressure for people in terms of raising taxes. but, you're right. he was trying to watch that political line. look, he was in new york last night with president obama. he already had a slipup, saying that mitt romney's business ak cue men, he's being very careful in terms of suggesting -- making suggestions but not out and out say don't raise taxes. >> he's a proxy for the president right now. you can see the entire interview and we look forward to that very much. >> yes. we'll take a short break and we're a fe
so bill clinton raised taxes on everybody. now we're talking about raising taxes on a portion of the people. but when bill clinton raised taxes, it was during the massive vibrancy, dotcom boom. >> i know you're going to get to it when we show this interview in its entirety in a few minutes, but he could not actually bring himself to say the words, raise taxes. what he said was finding ways to grow the economy. >> he wants to get back to growth and i don't think he believes getting...
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Jun 6, 2012
06/12
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i'm sitting there with president clinton. you hear what he said, yeah, let's extend them all, temporarily at least, and we're in this recession and then suddenly after the close, after our interview matt, his spokesperson said, we have to put out a statement there. he's what he really meant. we don't want to extend the tax cuts on the richest american. is he getting bullied by president obama? >> my read was he doesn't want us to fall into that fiscal cliff but also said he didn't want to continue the tax cuts over the long term at least for operating people. inevitably what happens is people go on tv shows like this and might not phrase things exactly right and then there's a twitter and other hoopla that follows and then, yes, people get worked up and i'm sure there were conversations. >> you're not going to clarify this conversation after you get off the chair, right? >> no. >> peter, great to have you on the show. >> thank you. >> peter orszag, citigroup. we have a massive rally under way. market up better than 200 points
i'm sitting there with president clinton. you hear what he said, yeah, let's extend them all, temporarily at least, and we're in this recession and then suddenly after the close, after our interview matt, his spokesperson said, we have to put out a statement there. he's what he really meant. we don't want to extend the tax cuts on the richest american. is he getting bullied by president obama? >> my read was he doesn't want us to fall into that fiscal cliff but also said he didn't want to...
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Jul 9, 2012
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bill clinton raised taxes and wealthy people and we saw the biggest economic boom in american history. george bush cut taxes and we saw economic ruin for the country. i think we have to be careful not to wait tax reductions and tax rates too heavily in their impact on the overall economy. it is clearly important and clearly matters and it is not the only factor what creates growth and long term prosperity for the country. >> i actually -- i actually agree with that. fiscal policies only 20% of what drives the nation's economy. and what i like about bill clinton is that government spending fell as gdp and got deregulation, nafta, more free trade. bill clinton was a lot more free market than either bush or obama which is why i wasn't joking when i said i would go back to clinton's tax rates if we got rid of all of the obama/bush spend regulation. we would be better off as a country. if we are just talking about taxes and isolation of course taxes matter. it is why singapore and hong kong grow faster than the u.s. and it is why the u.s. grow faster than france. i don't understand why oba
bill clinton raised taxes and wealthy people and we saw the biggest economic boom in american history. george bush cut taxes and we saw economic ruin for the country. i think we have to be careful not to wait tax reductions and tax rates too heavily in their impact on the overall economy. it is clearly important and clearly matters and it is not the only factor what creates growth and long term prosperity for the country. >> i actually -- i actually agree with that. fiscal policies only...
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Jun 8, 2012
06/12
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bill clinton is very savvy and brilliant. he says what he feels. remember two weeks ago he said the greatest thing about not being president anymore is i can say whatever i want. >> unless you're a proxy for the united states which he is right now. >> what my sources told me is as soon as that interview aired, the phones were on fire and his aides were getting calls and the white house was telling those aid aides, you have to come out with a statement. so they were under pressure to come out with a statement and soften the idea that the bush tax cuts should be extended. what he said next is they should be extended but they shouldn't be extended permanently went off of the rails, and it's pretty amazing. >> i have to say, good stuff. >> it's really amazing. up next, we'll go right back down to the closing countdown. we're a few minutes away from the bell. >> after the bell, maria will have more on the fallout from facebook's ipo. the losses are apparently mounting in the millions of dollars. you're watching cnbc, first in business worldwide. [ male
bill clinton is very savvy and brilliant. he says what he feels. remember two weeks ago he said the greatest thing about not being president anymore is i can say whatever i want. >> unless you're a proxy for the united states which he is right now. >> what my sources told me is as soon as that interview aired, the phones were on fire and his aides were getting calls and the white house was telling those aid aides, you have to come out with a statement. so they were under pressure to...
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Dec 7, 2012
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>> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case, very bold statement there, to someone whose company will be decimated by the spending cuts to defense companies. you do not want to miss this confrontation. ricans are alwayso work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> pretty clear apple stock is having
>> four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then, there's been to counteroffer from the white house. instead, reports indicate that the president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. >> former presidential candidate and vermont governor howard dean says bring it on. going over the fiscal cliff will actually help america. he's going to make his case,...
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Oct 2, 2012
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as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so i think you're going to see a push back towards a lot of enterprise apps that really figure out how it get information to the companies so they can actually be more personalized for the user, but easy to say, a lot to do. >> and really quick, on what you're seeing out there, how tough is europe right now for technology? what are you seeing in terms of the global slow down? >> well, europe continues to baffle us in general in technology. it looks like it's getting softer, not stronger. you know, companies that diversified over the past 20 year
as he spoke about clinton's effectiveness. what's going on from your view sitting on the board of cisco, having the experience that you've had at yahoo! tell me how you see the environment changes and where specifically you would expect growth to happen in technology in the next five years. >> well, i think technology in general -- probably the biggest challenge is not so much the social interactions but everybody's talking so much about data. data is very, very hard to mine correctly. so...
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Mar 15, 2012
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remember president clinton in 1996 and 2000, also did releases in the spr election years, by the way. we had one in kuwait. >> the other thing is -- >> peter pointed out on his blog today, he was pointing to that release of june of '11, that just a week later prices were back where they were when they made the release. >> that's right. >> but then, of course, that was on the announcement, bill, once the deliveries were actually starting, we saw the prices drop further. when the deliveries ended, we saw prices start to come back. of course, we know at the end of the year we ended at $100 a barrel. definitely over time, this is going to be a short-lived price impact, even if we actually see it. >> the impact on stocks has been very limited anytime this has ever happened. it's been widely studied. that i can be sure of. here's the key point about whether this is true or not, we know david cameron, the head of the uk, the prime minister, met with president obama. you can bet your bottom dollar they discussed the strategic petroleum reserve. whether they agreed to release it now or not, sh
remember president clinton in 1996 and 2000, also did releases in the spr election years, by the way. we had one in kuwait. >> the other thing is -- >> peter pointed out on his blog today, he was pointing to that release of june of '11, that just a week later prices were back where they were when they made the release. >> that's right. >> but then, of course, that was on the announcement, bill, once the deliveries were actually starting, we saw the prices drop further....
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Dec 6, 2012
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. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job creators. the problem here is the 1986 act th
. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a...
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Sep 17, 2012
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former clinton white house aide who says selling now does not make sense. good to have you on the program. james, you say the government needs to get out of the auto business. explain. >> the taxpayers have already taken the loss. government's shares are worth considerably less now than when they bought them. whether or not you recognize the loss by selling or not doesn't make that much of a difference. what does matter is having continued government oversight and control of the company. this is america. we don't want the government owning the means of production. >> i get that but if you're an investor and at a loss right now, as the government is, look at the profit they made on aig when they sold shares recently. why not just wait it out and if you believe that gm is going to grow from here, wait it out, and when you have a profit, you sell. what's the harm in that? >> that's what we call speculation. a lot of people are looking at gm and saying there's a lot of headwi headwin headwinds. coming out of the recession, the sales of the volt are not doing we
former clinton white house aide who says selling now does not make sense. good to have you on the program. james, you say the government needs to get out of the auto business. explain. >> the taxpayers have already taken the loss. government's shares are worth considerably less now than when they bought them. whether or not you recognize the loss by selling or not doesn't make that much of a difference. what does matter is having continued government oversight and control of the company....
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Jun 12, 2012
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we'll talk about what bill clinton said last week about extending those bush tax cuts. >> love the graphics by the way. holy cow. >> love it. >> first, before we go to break, a dividend, which russell 2,000 stock is outperforming this year? the dividend pays off after the break. >>> just before the break, we asked which russell 2,000 stock is outperforming this year? now, the payoff, sketchers usa has risen about 67% year to date. >> all right, we want to get to the market flash desk with a update. >> thank you, the biggest driver in the dow today is boeing and it's pretty much at the highs of the day. they're targeted 1,000 orders in 2012. today they were upgrated to overperform. as you see, a good climb up that chart today, about 3.5%. >> not bad. >>> facebook doing all right today, but another social media stock getting hammered. jackie is at the nasdaq with details. >> yes, a tough day for zynga. this on the back of a report saying that facebook gaming is on a quick decline at this point. their daily active users fell 8.2% in may. the shift seems to be from social to mobile games. ann l
we'll talk about what bill clinton said last week about extending those bush tax cuts. >> love the graphics by the way. holy cow. >> love it. >> first, before we go to break, a dividend, which russell 2,000 stock is outperforming this year? the dividend pays off after the break. >>> just before the break, we asked which russell 2,000 stock is outperforming this year? now, the payoff, sketchers usa has risen about 67% year to date. >> all right, we want to get to...
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Jul 12, 2012
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former chief of staff for president clinton begs to differ. >> the probability -- i would say we're probably going over the cliff. i hate to say it but i think that's probably right. we worked hard to try to get common sense to overrule politics, and that's a tough thing in washington. >> and that would be bad news for folks with dividend paying companies. they would soar and hit the middle class particularly hard. 68% of folks with dividend income made less than $100,000. >> talking about this is steve mcmillan, and grover nordqvist. >> yes, one of the thinks the bush administration did was bring the dividends down from 35% to 15. to let that snap back up because of balm's higher taxes. it would be very helpful for the economy and devastating to holder retired people who count on dividends. >> do you think it will go that way, though? you have to believe they will agree to extend some of those tax cuts. it's not brain surgery giveen that dividend paying companies is any place anybody is getting any yield. >> this is all up to the presidential election. we all know obama's position. he could
former chief of staff for president clinton begs to differ. >> the probability -- i would say we're probably going over the cliff. i hate to say it but i think that's probably right. we worked hard to try to get common sense to overrule politics, and that's a tough thing in washington. >> and that would be bad news for folks with dividend paying companies. they would soar and hit the middle class particularly hard. 68% of folks with dividend income made less than $100,000. >>...
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May 7, 2012
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. >> reminds me of president clinton in 1949 where he used very colorful language, saying my entire administration is relying on -- >> bond traders. >> bond traders. there was another word in there. >> is there concern that perhaps in greece, where all kinds ever threats have come from leaving candidates there, leading the euro, abandoning the debt agreement that was reached last month? you know, all those things, all the hard work going into bailing greece out could go by the way side. >> right. i think what hasn't been represented, whether or not you agree, if you tell the greek people, okay, you don't want it deal with the bailout but the euro, when they are given that choice, the answer is very different. >> first of all, i think the story today, is there's no news anywhere here. you know, we expected that elan would win. that the case. we are seeing austerity. >> thok shoking. >> and the thing is maybe opposite of what you are saying is why would people voluntarily go through something that is so difficult when there's this magical solution on the other line with the hands of candidate. you w
. >> reminds me of president clinton in 1949 where he used very colorful language, saying my entire administration is relying on -- >> bond traders. >> bond traders. there was another word in there. >> is there concern that perhaps in greece, where all kinds ever threats have come from leaving candidates there, leading the euro, abandoning the debt agreement that was reached last month? you know, all those things, all the hard work going into bailing greece out could go...
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Apr 10, 2012
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this raises $47 billion if you assume the high income tax rates go back to where when clinton was in office. the question is, when we're putting together a debt reduction plan that is fair, this s this a good component? if you think that this is just a drop in the bucket, that 160 billion doesn't matter, you have to make a choice. would you rather achieve that kind of reduction there or do it as the budget does from doing things like cutting medicaid for people who have disabilities, people in nursing homes. those are the choices that a deficit reduction has to make. >> are you saying this plan will create jobs or it's not about job creation? >> i'm saying that the president's overall plan includes a powerful american jobs act that would be good for job growth and a long-term plan that brings the deficit down. when you do deficit reduction, you look at each component and say, that's only $160 billion. yes, this is a component of an overall plan that is pro growth and this is one component which includes, in our proposal, medicare savings, medicaid savings, and significant cuts in dom
this raises $47 billion if you assume the high income tax rates go back to where when clinton was in office. the question is, when we're putting together a debt reduction plan that is fair, this s this a good component? if you think that this is just a drop in the bucket, that 160 billion doesn't matter, you have to make a choice. would you rather achieve that kind of reduction there or do it as the budget does from doing things like cutting medicaid for people who have disabilities, people in...
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Dec 31, 2012
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a higher clinton era top rate of 39.6% for individuals above $400,000 income, couples above $450,000 income. capital gains and dividend rates going from 15% to 20% for people in the top income brackets. you've got an estate tax that goes from 35% to 40% for estates valued at over $5 million. you've got a phaseout of deductions and tax credits at incomes above $250,000 for individuals, $300,000 for couples. that is a concession for the president. and our colleague steve leisman has been also doing reporting on this. he just spoke to me by phone as i was preparing to go on with a source familiar with the talks who noted a wind energy tax credit is preserved as the president eluded to in his remarks. also depreciation for businesses with spending money on new equipment. all of those things arement wills of the tax deal, but until they get the sequester, the budget elements worked out, the deal's not going to be finished. >> now, the deduction phaseout. this is relatively new. any idea at this point which deductions we're talking about and any timetable for them? >> i have to confess, bi
a higher clinton era top rate of 39.6% for individuals above $400,000 income, couples above $450,000 income. capital gains and dividend rates going from 15% to 20% for people in the top income brackets. you've got an estate tax that goes from 35% to 40% for estates valued at over $5 million. you've got a phaseout of deductions and tax credits at incomes above $250,000 for individuals, $300,000 for couples. that is a concession for the president. and our colleague steve leisman has been also...
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Sep 24, 2012
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president clinton floated that idea several months ago. why don't we keep the bush tax cuts in place for a year and go to work and redesign the tax system. i think that could be a very pro-growth answer to this. but the president holds fast and refuses to support republican extension of the bush tax cuts, he has the ability to stop those tax cuts from being extended. >> if the president gets re-elected it sounds like taxes are going higher. >> that's what he told us. >> what are youing to give on? >> we will do whatever we can to stop it. >> what are you willing to -- >> i'm willing to look at a variety of tax proposals, i'm willing to look at the deductions we have now. i'm not willing to look at higher tax rates. i think that would be very bad for the economy and would be, frankly from a republican standpoint, we would be breaking our commitment to the american people. remember, those bush tax cuts aren't permanent. they run out. now, if we have a president romney, your rates won't go away. >> congressman cole, thanks for being with us.
president clinton floated that idea several months ago. why don't we keep the bush tax cuts in place for a year and go to work and redesign the tax system. i think that could be a very pro-growth answer to this. but the president holds fast and refuses to support republican extension of the bush tax cuts, he has the ability to stop those tax cuts from being extended. >> if the president gets re-elected it sounds like taxes are going higher. >> that's what he told us. >> what...
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Sep 18, 2012
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it went down under the reagan and clinton eras. went back up in 2002. this is a problem for romney because many of these people he's talking about being dependent on the government are people who actually support his campaign, which is why he rushed out to cameras last night and tried to clarify his position. >> it's not elegantly stated, let me put it that way. i'm speaking off the cuff in response to a question. i'm sure i could state it more clearly and in a more effective way. it's a message which i'm going to carry and continue to carry which is, look, the president's approach is attractive to people who aren't paying taxes. >> michelle, the problem here is that mitt romney doesn't have a lot of time to make up ground. he is not trailing by a lot, but he is trailing president obama in this race. we released early numbers from the new nbc wall street journal poll. swroo we'll have the full report tonight. when you ask americans who's better prepared to lead the country, most say president obama. >> thank you, john. >> i'm going to take a contrary st
it went down under the reagan and clinton eras. went back up in 2002. this is a problem for romney because many of these people he's talking about being dependent on the government are people who actually support his campaign, which is why he rushed out to cameras last night and tried to clarify his position. >> it's not elegantly stated, let me put it that way. i'm speaking off the cuff in response to a question. i'm sure i could state it more clearly and in a more effective way. it's a...
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Nov 21, 2012
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the news came along with secretary of state hillary clinton announcing that the egyptian foreign minister and the minute that happened, that's when we started to see the appreciation. again, we wanted to know this was not going to become something far wider in the middle east. we knew there was no oil at risk in this particular area, but we're very concerned about something wider. >> oil prices did go lower. they've since come back here, i guess, because this is merely a cease fire. >> not a lot of people are convinced it will necessarily hold. the toalty out of benjamin netanyahu maybe wasn't as positive as you would have wanted afterwards. >> are events like this out of our control, dictating how you allocate capital? >> well, they are. we're always looking at geopolitical risks. it does play a part in the global economy. with slow global growth domestically and overseas, the last thing we need is another geopolitical crisis. >> fiscal cliff taking a backseat today. how are you allocating capital today? >> we're very cautious now, frankly. we have about a two-week window. i think the ma
the news came along with secretary of state hillary clinton announcing that the egyptian foreign minister and the minute that happened, that's when we started to see the appreciation. again, we wanted to know this was not going to become something far wider in the middle east. we knew there was no oil at risk in this particular area, but we're very concerned about something wider. >> oil prices did go lower. they've since come back here, i guess, because this is merely a cease fire....
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Jun 7, 2012
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you did an excellent interview with bill clinton. he said we need to take care of this now and then was forced to take his comments back. we went through this in 2010. we had an election, we had to extend the tax cuts after the election and we had it done by the second week in december. it's very different than the debt ceiling last year. this is about extending tax cuts. i think they will get that done. the election is going to determine exactly how it gets done but we'll get it done. congress then needs to have a very credible deficit reduction trigger in 2013 and if they don't, we'll get downgraded by moody's or fitch. >> economically speaking, isn't this the wrong time to talk about spending and it's all very admirable. it certainly has to be done. can we withstand that economically as fragile as the economy is right now? >> it's the wrong time to be talking about tax increases. that's certain. it's not the wrong time to talk about spending reducks. part of what fitch said today is congress doesn't have a credible plan for tackli
you did an excellent interview with bill clinton. he said we need to take care of this now and then was forced to take his comments back. we went through this in 2010. we had an election, we had to extend the tax cuts after the election and we had it done by the second week in december. it's very different than the debt ceiling last year. this is about extending tax cuts. i think they will get that done. the election is going to determine exactly how it gets done but we'll get it done. congress...
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Oct 10, 2012
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. >> the tax rate for the highest earners should probably return to clinton era levels and stay where around there. this will come as heresy to some of these on the other side who not only wish to extend the upcoming rates in the lame duck but also hope to cut rates even further in tax reform. >> schumer is really laying down a marker in these negotiations for those on the left who don't want to compromise with republicans who say that taxes ought to be lowered or at least overall taxes ought to be net neutral after tax reform is completed sometime next year after the fiscal cliff debate. what schumer is going is a washington technique called protecting your flank, which is you set down a marker from where you're going to be on the left, and that way later if you have to compromiscompromise, you cant to your republican colleagues just how far you've come to the center when you're negotiating. the republican, of course, are going to be doing the same thing on the other side. that's why you see these markers getting set down. they're often very far away from each other as these negotiat
. >> the tax rate for the highest earners should probably return to clinton era levels and stay where around there. this will come as heresy to some of these on the other side who not only wish to extend the upcoming rates in the lame duck but also hope to cut rates even further in tax reform. >> schumer is really laying down a marker in these negotiations for those on the left who don't want to compromise with republicans who say that taxes ought to be lowered or at least overall...
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Nov 6, 2012
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this is when bill clinton was first elected. the market moved 0.67% that day. >> on the day. before we actually knew, though. >> this is the day of the election itself. this is the day we're living through right now in 2008. let's go to the next one. 2000 when george w. bush was elected. market that day, look at that. >> same thing. >> virtually unchanged that day. 2008, four years ago when president obama was elected, and this is an exception to the rule, and a big one too. 2008 when barack obama was elected, market was up 4%. now -- >> there was such enthusiasm in the air knowing that president obama was likely going to be elected. >> i'm not trying to read anything either way. >> well, it just seems that way. there was such pride in the air. >> exactly. and today now we get this rally. the s&p is up 0.75%. we have an unusual amount of trading going higher again today. are we trying to read into it? we are not at this particular point. it is interesting to see the market rally the day of the election. we'll watch tomorrow to see what the market does. >> so today, as you're
this is when bill clinton was first elected. the market moved 0.67% that day. >> on the day. before we actually knew, though. >> this is the day of the election itself. this is the day we're living through right now in 2008. let's go to the next one. 2000 when george w. bush was elected. market that day, look at that. >> same thing. >> virtually unchanged that day. 2008, four years ago when president obama was elected, and this is an exception to the rule, and a big one...
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Nov 27, 2012
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areas but a significant restructuring of that code to bring us back in line the way that we were under clinton. >> representative, as we're talking, the market is selling off once again. every time members of congress come on -- and i've got to tell you, sir, i think you're contributing to the fears that we're going off the fiscal cliff, because it doesn't sound like there's any compromise in what you're saying. do you care that markets are selling off dramatically when it looks like you can't come to a deal? >> of course, i do. i also care that we've asking the working families and middle class to carry the burden for two decades on this tax rates and on the revenue generation for this country. i don't think it's unfair, and it shouldn't be a scare tactic to ask corporate america and the wealthy to pitch in and help this country when this country needs the help. that's all. >> i don't understand when you say -- if you don't want to change medicare in any way, say means testing, what you mean is you want to subsidize the wealthy. the retiring generation right now is the wealthiest retiring gen
areas but a significant restructuring of that code to bring us back in line the way that we were under clinton. >> representative, as we're talking, the market is selling off once again. every time members of congress come on -- and i've got to tell you, sir, i think you're contributing to the fears that we're going off the fiscal cliff, because it doesn't sound like there's any compromise in what you're saying. do you care that markets are selling off dramatically when it looks like you...
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Aug 27, 2012
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. >> fidel bs september 22, 2000, president clinton did a timex change to 30 million barrels and may -- made the announcement on the third week of september for barrels that did not have to get repaid until one year later. vote were going to the polls for five weeks after that. so i agree. it makes no sense but it has been done before. there's no reason that you can say it can't be done again. >> guys, thank you so much. >> we have a shortage, oversupply. shutting down the refineries. if it is shut down in a would create a lot. we don't need any more oil. we need more gasoline. >> the impact isaac ends up having in that region, we hope -- it is minimal. >> right now just -- potentially category i or 2 and theoretically those have the ability to withstand that kind of -- >> exactly. >> -- storm. >> that will be the case. >> all right. >> we will take a break and come back and have 40 minutes left of the trading day. little bit lower here on light volume down 21 points on the dow. >> best buy is now allowing its founder to pursue his offer to acquire the electronics retailer. should yo
. >> fidel bs september 22, 2000, president clinton did a timex change to 30 million barrels and may -- made the announcement on the third week of september for barrels that did not have to get repaid until one year later. vote were going to the polls for five weeks after that. so i agree. it makes no sense but it has been done before. there's no reason that you can say it can't be done again. >> guys, thank you so much. >> we have a shortage, oversupply. shutting down the...
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Dec 11, 2012
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was going to ask the wealthiest 2% of americans to return to the tax rates they had under president clinton. >> what kind of a compromise is that? >> the public knew all about that. voters voted and they re-elected the >> maria. >> if i could real quickly finish. the question is this can we make some progress because obviously the two sides, the two parties have different ways of trying to resolve this. let's at least make some progress where even republicans have said let's take care of the middle class. let's not hold them hostage to trying to provide tax breaks to the wealthiest americans as republicans have said. >> maria, the president campaigned on raising people's taxes, but he also campaigned on a balanced approach, and that's the part that we have not seen from the president or the democrats in washington today is that balanced approach. we've seen that he wants to raising people's taxes and the can't name one program that he wants to cut. >> that's not true. >> what program do we cut, representative? what program do you think he's going to cut? >> which of the programs under the $
was going to ask the wealthiest 2% of americans to return to the tax rates they had under president clinton. >> what kind of a compromise is that? >> the public knew all about that. voters voted and they re-elected the >> maria. >> if i could real quickly finish. the question is this can we make some progress because obviously the two sides, the two parties have different ways of trying to resolve this. let's at least make some progress where even republicans have said...
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Oct 19, 2012
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we've sneeen in the past democratic president, kennedy, carter, clinton, they have been tax cutters on the capital gains side. i think that transcends politics. keep the tax low. that can be a positive for stocks, even more so for small cap stocks. >> is chris with us, christopher williams? >> i think he wasn't able to join us. >> really want to get everybody's take on how you invest in a market selloff like this. we got the dow jones industrial now.age 221 points lower t obviously nervousness about earnings. would you be poised to put money to work here or sell into the selloff? >> i'd want to put it to work with the simple belief that we average a 10% correction once a year. we have that from april to early june. we have 5% corrections on average about two and a half times a year. we're probably due for a 5% hiccup. if we do, i go back to valuation being positive, cash flow margins being positive. if that's the case and i look at expected returns, i want to be a buyer. >> do you buy any of the stocks that have been this week poster children for poor earnings? microsoft, google, and o
we've sneeen in the past democratic president, kennedy, carter, clinton, they have been tax cutters on the capital gains side. i think that transcends politics. keep the tax low. that can be a positive for stocks, even more so for small cap stocks. >> is chris with us, christopher williams? >> i think he wasn't able to join us. >> really want to get everybody's take on how you invest in a market selloff like this. we got the dow jones industrial now.age 221 points lower t...
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Nov 13, 2012
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democratic primary four years ago, he criticized the individual mandate proposal that was part of hillary clinton's reform, health care reform, but when he got elected, he adopted that idea. i'm hopeful that perhaps -- and if you listen to his speech he gave on election night, he wanted to work across the aisle, reach out to governor romney. this would be a great example for president obama to show that he means what he says when he talks about bipartisanship. to take an idea from governor romney and use it as an overall tax reform. >> yeah, i mean, the ultimate idea here is we want to extract more dollars from the wealthy as part of a shared sacrifice in entitlement cuts. what does it matter whether you label it a deduction cut or 39.6% tax increase? ultimately, you're getting more dollars from this very top group. in fact, this may even be more progressive than 39.6. i'm a little confused as to why there's so much opposition. maybe just because romney proposed it. >> plus, you're simplifying the tax code. that's really an important part of this. you're eliminating some of those special interest f
democratic primary four years ago, he criticized the individual mandate proposal that was part of hillary clinton's reform, health care reform, but when he got elected, he adopted that idea. i'm hopeful that perhaps -- and if you listen to his speech he gave on election night, he wanted to work across the aisle, reach out to governor romney. this would be a great example for president obama to show that he means what he says when he talks about bipartisanship. to take an idea from governor...
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Nov 28, 2012
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decisions to make on replacing some outgoing cabinet members, including secretary of state hillary clinton and treasury secretary tim geithner. >> all right, john. >> thank you, john. i thought he was going to a sound bite. so what's it going to take to avoid the fiscal cliff? >> we have two perspectives from inside the beltway. democratic congressman peter welch, who was willing to go over the cliff to get a good deal on tax hikes while protecting entitlements, and republican congressman steve lottaret who is willing to break from grover norquist's tax pledge. he's also retiring at the end of this term. gentlemen, good to have both of you with us. mr. welch, i'll begin with you. i'm sure you've noticed, hopefully you've been watching cnbc and see all these pins that we are wearing that say "rise above" calling for you and your colleagues there to get something done on the fiscal cliff. why are you so unwilling to be able to do that? >> well, i am willing to do it. in fact, i work with steve, who you're going to hear from shortly, to advocate for a balanced deal. the real challenge here is
decisions to make on replacing some outgoing cabinet members, including secretary of state hillary clinton and treasury secretary tim geithner. >> all right, john. >> thank you, john. i thought he was going to a sound bite. so what's it going to take to avoid the fiscal cliff? >> we have two perspectives from inside the beltway. democratic congressman peter welch, who was willing to go over the cliff to get a good deal on tax hikes while protecting entitlements, and republican...
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Jun 5, 2012
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you will not want to miss maria's big interview with former bill clinton. may earnings out after the bell. how is the housing market doing? we'll find out coming up on the "closing bell." >> announcer: the future of the economy -- >> what i think we need to do is find some way to avoid the fiscal cliff. >> announcer: a crisis in europe. >> should the imf, u.s. taxpayer money, help to bailout europe right now? >> i don't know that it's needed. >> announcer: the presidential election -- >> the most important thing in this election is what will president obama do and what would governor romney do with the economy? >> announcer: bill clinton weighs in on those hot button issues and a whole lot more in a first on cnbc interview with our maria bartiromo. it all begins on this special edition of the "closing bell." >> and it is 4:00 on wall street. do you know where your money is? i'm maria bartiromo. we're moments away from my first on cnbc interview with bill clinton. you won't want to miss what he had to say about the looming fiscal cliff and how to jump-start
you will not want to miss maria's big interview with former bill clinton. may earnings out after the bell. how is the housing market doing? we'll find out coming up on the "closing bell." >> announcer: the future of the economy -- >> what i think we need to do is find some way to avoid the fiscal cliff. >> announcer: a crisis in europe. >> should the imf, u.s. taxpayer money, help to bailout europe right now? >> i don't know that it's needed. >>...
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Sep 5, 2012
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clinton will make the case. if we want to return to the boom time, we need to stick with this president. let's take a look. remember, bill clinton never waged a clas warfare. he did raise taxes but he did it in a booming economy and those moves really did help balance the budget. in fact it went to a budget surplus. it's political, not practical. that's one of the big differences. remember, it was on this program that clinton told me directly that the best thing to do was to extend all the tax rates and all the spending programs for a year. it was clinton that orchestrated welfare reform. it was republicans that stood behind him when that deal was made. so tonight's speech will be a good one. he is a gifted speaker and a gifted politician. but if the picture is supposed to make us believe that they are one in the samesome i will leave that to you to be the judge. we will all be watching. nasdaq gave up 5.75 points on the session. thanks for being with me. i will see you on monday. i'm headed to italy
clinton will make the case. if we want to return to the boom time, we need to stick with this president. let's take a look. remember, bill clinton never waged a clas warfare. he did raise taxes but he did it in a booming economy and those moves really did help balance the budget. in fact it went to a budget surplus. it's political, not practical. that's one of the big differences. remember, it was on this program that clinton told me directly that the best thing to do was to extend all the tax...
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Sep 6, 2012
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clinton's statement is accurate, even if it still ignores prior job losses. in an appeal to young voters, mr. clinton hailed the president's student loan reforms. >> what does this mean? it means no one will ever have to drop out of college again for fear they can't repay their debt. >> he's referring to an income-based repayment program first passed in 2007, but expanded under obama. but that has barely made a dent in student debt while student tuition continues to soar. there's more. clinton crediting health care reform for a sharp drop in medical costs the experts say probably had more to do with the recession. what about that republican congressman clinton said was blackballed in the for refusing to hate the president? the obama campaign has now identified the congressman as south carolina republican bob englass, who was voted out in 2010 after refusing to call president obama a socialist. he said he didn't need to join the hatred of the president. we also found republican congressman paul ryan quoted last month as saying he doesn't hate democrats, even t
clinton's statement is accurate, even if it still ignores prior job losses. in an appeal to young voters, mr. clinton hailed the president's student loan reforms. >> what does this mean? it means no one will ever have to drop out of college again for fear they can't repay their debt. >> he's referring to an income-based repayment program first passed in 2007, but expanded under obama. but that has barely made a dent in student debt while student tuition continues to soar. there's...
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i spoke with president clinton earlier this week. >> yes, i know that. >> we all know that. >> let's listen to this. >> the levels are pretty low. they look high because there's a recession. the taxes look lower than they really would be if we added 2.5 to 3% growth and the spending was higher than it would be because there are so many people getting food stamps, so many people getting unemployment, so many people on medicaid. >> and, of course, my sources tell me that he was pressured by the white house after he made the comments and since then he's actually backtracking on that comment. are we in a recession? >> i don't think we're in a recession but i think we're headed close to one given the events in europe and the recovery is anemic. the real issue is it feels like a recession to so many business people and so many workers. >> right. what i always say, it doesn't matter what you call it. you can label it anything you want. but if you don't feel well and are nervous about your job, you are not going to participate in the economy. >> glenn and me and the others that grade this is
i spoke with president clinton earlier this week. >> yes, i know that. >> we all know that. >> let's listen to this. >> the levels are pretty low. they look high because there's a recession. the taxes look lower than they really would be if we added 2.5 to 3% growth and the spending was higher than it would be because there are so many people getting food stamps, so many people getting unemployment, so many people on medicaid. >> and, of course, my sources tell me...
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Aug 14, 2012
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all of the reforms were ideas that bill clinton accepted. obama is going to have a hard time arguing that this is unreasonable. the other challenge is it's written down and scored by cbo. somethingstockman never had the decency to point out. he called it fantasy. they're terribly static. they call every judgment call against where free marketers would want to go, and even with that this does extremely good things for the budget. >> thank you, both, and i recommend gaifddavid's piece be either side you will be cheering or your blood will be boiling. >> you may think he's crazy. >> maybe, don't go away. >>> coming up, slap on the wrist? standard charter ceo peter sands reaches a settlement with the bank of new york, but are his dealings are iran worth only a $340 million fine? and taxing times, state pension funds are taking a beating. with little or no return to show, is it time for these funds to look beyond wall street? and more money than cents. are the kids of the mega rich out of control. we'll dispense powerful parenting advice when "cl
all of the reforms were ideas that bill clinton accepted. obama is going to have a hard time arguing that this is unreasonable. the other challenge is it's written down and scored by cbo. somethingstockman never had the decency to point out. he called it fantasy. they're terribly static. they call every judgment call against where free marketers would want to go, and even with that this does extremely good things for the budget. >> thank you, both, and i recommend gaifddavid's piece be...
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burden of government spending has doubled since bill clinton left office. that's why we're in fiscal trouble now. the problem is government spending. >> very important point. gentlemen, thank you. we'll be back to this subject. i promise you. see you soon, guys. up next, thursday movers. tonight, our trio of wall street's top market watchers tell you what will make them yell first thing in the morning. stick around because what they say could put extra money in your pocket. then are the fed's hopes falling flat when it comes to hiring? that's what a new study shows. stick around for an exclusive. back in a moment. how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. a short word that's a tall ord
burden of government spending has doubled since bill clinton left office. that's why we're in fiscal trouble now. the problem is government spending. >> very important point. gentlemen, thank you. we'll be back to this subject. i promise you. see you soon, guys. up next, thursday movers. tonight, our trio of wall street's top market watchers tell you what will make them yell first thing in the morning. stick around because what they say could put extra money in your pocket. then are the...
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Jun 12, 2012
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this is from my interview last week with president clinton, take a listen. >> what i think we need to do is to find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now one and then deal with what's necessary in the long term debt reduction plan as soon as they can, which presumably would be after the election. >> does that mean extending the tax cuts? >> i think what it means is they will have to extend -- they will probably have to put everything off until early next year. that's probably the best thing to do right now. >> so gene, do you agree with what former president had to say? put everything off and don't let it expire. >> we know that president clinton made clear that he supports president obama on not extending the high income tax cuts. he was talking about the need that most people agree that after an election we have to come together on a grand compromise. >> that's not what he is saying. >> we both know that he clarified very clearly that night his comments and then repeated often afterwards that he spotted president obama comple
this is from my interview last week with president clinton, take a listen. >> what i think we need to do is to find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now one and then deal with what's necessary in the long term debt reduction plan as soon as they can, which presumably would be after the election. >> does that mean extending the tax cuts? >> i think what it means is they will have to extend -- they will probably have to...
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plus, the white house economic council for bill clinton says we all secretly want bigger government. he'll tell us why coming up as maria bartiromo continues now with the second hour of the "closing bell." i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks giving back all of yesterday's gains and then some. that means the dow will go to entire month without having back to back gains today. it's the first time that's happened in two years for the dow. meanwhile, the facebook flop continues. the stock falling below $28 a share several times in the past hour. the stock fell another 2% and has now fallen 26% since going public less than two weeks ago at 28. check this out in the eight days that the stock has traded, it closed down six times, including today. here's a look at how we finish the day on wall street, meanwhile, dow jones down 161 points. it's down to 12,419. nasdaq under water as well, down 33 points, better than 1%.
plus, the white house economic council for bill clinton says we all secretly want bigger government. he'll tell us why coming up as maria bartiromo continues now with the second hour of the "closing bell." i'll see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks giving back all of yesterday's gains and then some....
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Aug 9, 2012
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bill clinton was able to have a budget surplus, but we were in a different moment, the internet middle age and the market was booming. >> you're making one of my key points. the tax debate has inflated two things. growth and tax policy, and i don't think their nearly as connected as you suggest. it running on innovation and the kins of waves like an internet boom, a housing boom and bubble, you want to avoid the bubbles and the booms. you want to collect ample revenue to avoid the fiscal train wreck we're looking at right now and the surpluses we'll have at the end of the clinton years. ask any nonpartisan person and they will tell you we're headed for a fiscal train wreck because of our tax policy. >> let's talk about right now. right now we're at a moment in time in the economy where we're still in a fragile situation. can you really say taxes, you know, should be going higher now? can you junction make a blanket statement that should be at any moment in time? if we raise taxes now, doesn't that make it tougher for most people and we are at such a fragile moment, how will we get jobs
bill clinton was able to have a budget surplus, but we were in a different moment, the internet middle age and the market was booming. >> you're making one of my key points. the tax debate has inflated two things. growth and tax policy, and i don't think their nearly as connected as you suggest. it running on innovation and the kins of waves like an internet boom, a housing boom and bubble, you want to avoid the bubbles and the booms. you want to collect ample revenue to avoid the fiscal...
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nobody's dealt with it since bill clinton was president of the united states. there are a number of things we're going to have to do in order to meet our deficit. we're going to have to both raise taxes and cut spending. one of the areas we must cut spending is defense. there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense authorization bill that just passed yesterday in the senate gave the pentagon $17 billion more than they asked for. so to think that any industry or any taxpayer or any group of people who depend on government spending can be exempted from the serious problem that we have that's caused by this deficit is a mistake. everybody is going to have to pay for this. >> dawn, right or wrong, the defense industry has this reputation of being bloated, overcharging. are we at a point where we could afford to make cuts in defense spending to try and satisfy the needs of lowering the deficit i
nobody's dealt with it since bill clinton was president of the united states. there are a number of things we're going to have to do in order to meet our deficit. we're going to have to both raise taxes and cut spending. one of the areas we must cut spending is defense. there hasn't been serious cuts in defense in 30 years. the defense industry is well positioned. they have plants in something in over 300 districts. there's a lot of bipartisan defense spending. for example, the defense...
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i agree with you, we had good growth in the clinton years when growth rates were higher, but bill clinton redutiesed burden to 18% of gdp. i'll go back to bill clinton's tax rates if you're willing to get rid of all of the obama spending, all of the bush spending, the obama regulation and the bush regulation. there's more to life than taxes. it's the overall burden of government and under bush and obama we are becoming more like europe. i don't want to be france, greece. >> i want to be america. thank you so much, we'll continue talking about this important topic. >>> small business, big health care expense, a local business owner that says he may keep hiring to a minimum because of a health care overhaul. and gabby douglas becoming a celebrity overnight. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get th
i agree with you, we had good growth in the clinton years when growth rates were higher, but bill clinton redutiesed burden to 18% of gdp. i'll go back to bill clinton's tax rates if you're willing to get rid of all of the obama spending, all of the bush spending, the obama regulation and the bush regulation. there's more to life than taxes. it's the overall burden of government and under bush and obama we are becoming more like europe. i don't want to be france, greece. >> i want to be...
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Sep 24, 2012
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another thing secretary clinton said was that dignity and freedom are what sustain. and i believe that by building these economically viable models, where governments and markets haven't gone, we actually can show a way to an economy where everyone needs to contribute more. and it's by seeing that things can work in pakistan n india, in uganda, tanzania, nigeria, where we work. we're starting to see a ground swell of philanthropists, citizens that want to be part of that change. and the world really is in a place where we need to see the markets change, we need to see governments change, we need to see taxpayers change, all of us have got to be involved. >> yeah, i guess i was struck by they're not contributing to growth when, in fact f you have elites creating jobs, whether it's on the one hand paying taxes, obviously they're contributing, but just creating jobs and creating an opportunity for the folks who may not have a job be able to work. it's two different conversations but we wanted to get your take on it because it is important given what you're doing at the
another thing secretary clinton said was that dignity and freedom are what sustain. and i believe that by building these economically viable models, where governments and markets haven't gone, we actually can show a way to an economy where everyone needs to contribute more. and it's by seeing that things can work in pakistan n india, in uganda, tanzania, nigeria, where we work. we're starting to see a ground swell of philanthropists, citizens that want to be part of that change. and the world...
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May 3, 2012
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that's overshad oeg the strategic dialogue tim geithner and hillary clinton are engaged in. we'll talk about it just after this break. reak. you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ donovan ] i hit a wall. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going. go for olympic gold and go to college too. [ male announcer ] every day we help students earn their bachelor's or master's degree for tomorrow's careers. this is your moment. let nothing stand in your way. devry university, proud to support the education of our u.s. olympic team. departure. hertz gold plus rewards also offers ereturn-- our fastest way to return your car. just note your mileage and zap ! you're outta there ! we'll e-mail your receipt in a flash, too. it's just another way you'll be traveling at the speed of hertz. >>> welcome back. breaking news. the dissident drama overshad oeg
that's overshad oeg the strategic dialogue tim geithner and hillary clinton are engaged in. we'll talk about it just after this break. reak. you skip the counters, the lines, and the paperwork. zap. it's our fastest and easiest way to get you into your car. it's just another way you'll be traveling at the speed of hertz. [ donovan ] i hit a wall. and i thought "i can't do this, it's just too hard." then there was a moment. when i decided to find a way to keep going....
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May 7, 2012
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it also involves bill clinton. details when the closing bell returns. [ man announcing ] what we created here. what we achieved here. what we learned here. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me cancer was as scary as a fastball is to some of these kids. but my coach had hit that pitch before. turning data into useful answers. we're 78,000 people looking out for 70 million americans. that's health in numbers. unitedhealthcare. ♪ i can do anything ♪ i can do anything today ♪ i can go anywhere ♪ i can go anywhere today ♪ la la la la la la la [ male announcer ] dow solutions help millions of people by helping to make gluten free bread that doesn't taste gluten free. together, the elements of science and the human e
it also involves bill clinton. details when the closing bell returns. [ man announcing ] what we created here. what we achieved here. what we learned here. and what we pioneered here. all goes here. the one. the accord. smarter thinking from honda. but when i was diagnosed with prostate cancer... i needed a coach. our doctor was great, but with so many tough decisions i felt lost. unitedhealthcare offered us a specially trained rn who helped us weigh and understand all our options. for me...
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on tuesday i'll sit down with former president bill clinton for a first on cnbc interview. we'll take his take on the recent defense of private equity, tax policy, a whole lot more from bill clinton coming on tuesday. stay with us on "closing bell." back in a moment. i was 18 years old before i had my first fresh bun. the invention that i came up with is the hot dog ez bun steamer. steam is the key to a great hot dog. i knew it was going to be a success. the invention was so simple that i knew i needed to protect it. my name is chris schutte and i got my patent, trademark and llc on legalzoom. [ shapiro ] we created legalzoom to help people start their business and launch their dreams. go to legalzoom today and make your business dream a reality. at legalzoom.com, we put the law on your side. [ male announcer ] to hold a patent that has changed the modern world... would define you as an innovator. to hold more than one patent of this caliber... would define you as a true leader. ♪ to hold over 80,000... well that would make you... the creators of the 2012 mercedes-benz e-
on tuesday i'll sit down with former president bill clinton for a first on cnbc interview. we'll take his take on the recent defense of private equity, tax policy, a whole lot more from bill clinton coming on tuesday. stay with us on "closing bell." back in a moment. i was 18 years old before i had my first fresh bun. the invention that i came up with is the hot dog ez bun steamer. steam is the key to a great hot dog. i knew it was going to be a success. the invention was so simple...
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Jul 2, 2012
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first of all, you had hillary clinton and barack obama going against each other. and you had barack obama and sarah palin on the other side. and there was a great level of interest in that race. you won't have that same level of interest against barack obama and mitt romney. but you will have turnout that will come back to the previous levels that we've had in the past but obama still overwhelming winning that. he's got a 30 point lead. he has to focus on the issues that affect young people will jobs, about education, those two things will really have an impact. >> it was my understanding that actually that margin is shrinking a little bit. but we want to think about the long term. what about elections after this? young people today are facing a very difficult economic situation. unemployment rate is very high for young people and political science literature tells us that what people experience in their early 20s sticks with them and we may see the ramifications in today's policies in the future. >> except one thing, though. it doesn't necessarily translate into
first of all, you had hillary clinton and barack obama going against each other. and you had barack obama and sarah palin on the other side. and there was a great level of interest in that race. you won't have that same level of interest against barack obama and mitt romney. but you will have turnout that will come back to the previous levels that we've had in the past but obama still overwhelming winning that. he's got a 30 point lead. he has to focus on the issues that affect young people...
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Dec 11, 2012
12/12
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in fact, a surplus under president clinton. very different economic moment. >> right, but you can still argue that you also have another internet boom going on with the mobile boom. >> i think the big thing here is the overall market continues to hold up very, very well. did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it will. i agree with you. >>> the other story, tensions mounting in michigan as union workers are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting t
in fact, a surplus under president clinton. very different economic moment. >> right, but you can still argue that you also have another internet boom going on with the mobile boom. >> i think the big thing here is the overall market continues to hold up very, very well. did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that...
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Jun 7, 2012
06/12
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president clinton mentioned a recession. >> they are still pretty low, the spending levels. they look high because of the recession. the taxes are lower than they really would be and the spending is higher than it would be because there are so many people getting food stamps, so many people getting unemployment, so many people on medicaid. >> are we -- i know technically we're not in recession when you look at the definition of what a recession is but it feels like it. >> the economy is still growing and i'm still looking for 2.5% growth. i'm very concerned about the high rates of unemployment, tremendous resource lag that is out there. there's a lot of pain out there. and so it's hard to disagree with the characterization that people are struggling. it's very challenging. >> if you were making a decision in terms of what to do in terms of all of these programs and tax cuts that are expiring, what road would you take? >> that's a really hard question, obviously. we need to make progress on promises that we've made, medicare, social security entitlement programs to make sure
president clinton mentioned a recession. >> they are still pretty low, the spending levels. they look high because of the recession. the taxes are lower than they really would be and the spending is higher than it would be because there are so many people getting food stamps, so many people getting unemployment, so many people on medicaid. >> are we -- i know technically we're not in recession when you look at the definition of what a recession is but it feels like it. >> the...
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Jun 4, 2012
06/12
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tomorrow, bill clinton first on cnbc. here's one you may not have thought of -- fidelity. now you don't have to go to a bank >>> looking for a better place to put your cash? here's one you may not have thought of. fidelity. now you don't have to go to a bank >>> well dom back. ism nonmanufacturing, oil prices and jpmorgan's industrial conference. it's what's on people's minds and the radar for tomorrow with 30 seconds on the clock. my next guest tells why they think these things will move the markets. joining me right now cnbc contributor stephanie link. hodges fund craig hodges. and steven rosen. stephanie, we kick it off with you. the clock is on. what are you watching tomorrow? >> a couple companies at conferences tomorrow. ebay speaks at two different conferences. they'll be positive about pay pal market share growth and solid market gains in their marketplace. i like that story. industrial conference at jpmorgan, all big wigs are there. i would focus on ge. i think they're doing a good job turns around their industrial business and improving their capital business as
tomorrow, bill clinton first on cnbc. here's one you may not have thought of -- fidelity. now you don't have to go to a bank >>> looking for a better place to put your cash? here's one you may not have thought of. fidelity. now you don't have to go to a bank >>> well dom back. ism nonmanufacturing, oil prices and jpmorgan's industrial conference. it's what's on people's minds and the radar for tomorrow with 30 seconds on the clock. my next guest tells why they think these...
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Dec 5, 2012
12/12
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they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i think you'd see alongside sensible spending reforms. you'd see very good outcomes for the american economy. the american economy right now looks very resilient. the biggest thing that stands in the way of much significant strength in growth is this uncertainty about how to reach an agreement. >> what's the right rate for dividends and capital gains? >> in the senate bill, you see there's a proposal to let them go to 20. that's certainly one way to do it. ultimately, you have to look at the overall mix of tax treatment, investment income -- >> is there a number that's too high
they allow the marginal rates on earned income to go back to the clinton levels. in that proposal, as i understand it, dividends and cap gains rise modestly to 20%. i think anybody that's looked that the will tell you the mix of rates and deductions and tax treatment of dividends, capital gains now is unaffordable for the country. the current mix we have in current policy is unaffordable. we're going to have to alter that mix. we've laid out the best way we think to do that. if we did that, i...
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Sep 17, 2012
09/12
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the bubble started under clinton with national homeownership act. he kind of encouraged the banks to do all this stuff. >> barney frank. >> oh, no, no, come o guys. >> come on, you know it's true. you know it's true. >> the evil part of bankers were making hand over fist. it wasn't because of fannie and freddie. it did happen under president clinton. >> read the national homeownership strategy. >> they made a lot of money on that. >> we want to -- we want to move forward. >> it was a racketeering scheme on that. come on, these banks did it to us. predatory -- >> the banks didn't do it. we have a structure in this country and we have regulators overseeing banks. regulatesers were asleep at the wheel. i remember. a lot of regulators on television saying everyone should own a home. it's the american dream. blah, blah, blah. it's not just the banks. i'm not going to accept that. you can't just blame -- >> i agree with you that. maria, i agree it was the banks and regulator and government, absolutely. >> and the people. and the people. everybody. and the
the bubble started under clinton with national homeownership act. he kind of encouraged the banks to do all this stuff. >> barney frank. >> oh, no, no, come o guys. >> come on, you know it's true. you know it's true. >> the evil part of bankers were making hand over fist. it wasn't because of fannie and freddie. it did happen under president clinton. >> read the national homeownership strategy. >> they made a lot of money on that. >> we want to -- we...
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Sep 12, 2012
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he's not going to be debating bill clinton. you'll see this settled down and actually i think the agency. the polls are tight. it's a very tight race. the president said it's a tight race. i think he's right on that and i think governor romney will do fine. >> and in terms of the economy, will it do fine? here we have this fiscal issue that is impacting uncertainty right now. never mind if, in fact, the u.s. goes off that fiscal cliff. give us your sense of the differences in policies for the vote candidates. because there is also a poll that shows voters think romney is too vague about his policy proposals. >> well, let me address that a little bit first. that's something that really kind of gets under my skin. you know, governor romney came out with a 59-point plan. i contributed to that plan. he subsequently clarified his position on taxes, education, made them clearer. everybody said governor romney, he's so technical, he just gets into the details, he's a policy launch. he doesn't see the forest for the trees. so in the co
he's not going to be debating bill clinton. you'll see this settled down and actually i think the agency. the polls are tight. it's a very tight race. the president said it's a tight race. i think he's right on that and i think governor romney will do fine. >> and in terms of the economy, will it do fine? here we have this fiscal issue that is impacting uncertainty right now. never mind if, in fact, the u.s. goes off that fiscal cliff. give us your sense of the differences in policies for...
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Jun 27, 2012
06/12
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some have been supported by democrats like paul start or hillary clinton that don't require a individual mandate. there are other ways to make health care work and i think we'll have to go back to the drawing board. >> i don't think this should have gotten to the supreme court in the first place. the mandate has many remembers that they have supported for 20 years. no one thought this was unconstitutional until this latest wrong of legal wrangling started. and they have found it administratively and politically feasible way to cover more poem and deal with the problems of our health system. this is what they came up with, and it's something that i think the court needs to give the president and the congress the space to do their jobs. we have a national health care market, and i think it's a clear cut case. >> ke we take anything away from the way they ruled on the arizona immigration law. they did break up into pieces, much of which they struck down. there are two different issues, but is there. >> tom: an mo for this supreme court? >> the court is not going to break down, necessarily,
some have been supported by democrats like paul start or hillary clinton that don't require a individual mandate. there are other ways to make health care work and i think we'll have to go back to the drawing board. >> i don't think this should have gotten to the supreme court in the first place. the mandate has many remembers that they have supported for 20 years. no one thought this was unconstitutional until this latest wrong of legal wrangling started. and they have found it...
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Sep 10, 2012
09/12
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actually, bill clinton had the answer at last week's democratic convention. >> i always give a one-word answer. arithmetic. >> yep, math. a local, state and federal governments simply can't pay what they promised anymore. so is what's happening in chicago going to stay in chicago? meet somebody who fears not even close. >>> later, a different kind of math problem. taxpayer-backed general motors real lose $50,000 on every volt it makes? we're on the case. er ] what if you had thermal night-vision goggles, like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit b
actually, bill clinton had the answer at last week's democratic convention. >> i always give a one-word answer. arithmetic. >> yep, math. a local, state and federal governments simply can't pay what they promised anymore. so is what's happening in chicago going to stay in chicago? meet somebody who fears not even close. >>> later, a different kind of math problem. taxpayer-backed general motors real lose $50,000 on every volt it makes? we're on the case. er ] what if you...